Cadence Minerals PLC’s (LON:KDNC) associate Macarthur Minerals has reported good shows of lithium from a sampling programme at its Stonewall project in Lida Valley, Nevada.
All 380 samples contained lithium with sediment assays ranging from 14.6 parts per million (ppm) lithium and up to 187 ppm Li, with 19 samples over 100 ppm.
This sampling program confirms last year's first pass sediment sampling program, that anomalous concentrations of lithium are present in the playa surface sediments of Lida Valley.
Cadence currently owns a 20.37% shareholding in Macarthur.